Kyoritsu Maintenance

Hotels & hospitality · 9616

The Japan read

From the company's own filing for Q1 (Apr–Jun 2026) · reported 2026-08-07 · the filing

InboundInbound guests reached 24.0% of the hotel business, up 1.2 points (Dormy Inn 28.2%, resorts 17.1%); Kyoritsu notes some regions curbed travel to Japan but arrivals held firm overall.
JapanDormy Inn RevPAR at existing hotels rose 5.1% to ¥14,822, lifting revenue 7.2% to ¥23.4bn, but heavier refurbishment spending kept the chain's operating profit flat at ¥4.5bn.
StoresKyoritsu opened Dormy Inn Yokkaichi (197 rooms) in June, its 100th domestic Dormy Inn, plus 13 dormitories with 2,401 rooms in April; the full-year plan calls for eight new hotels with 1,197 rooms.

Other callouts in the filing

SegmentThe resort ryokan arm's loss deepened to ¥760mn from ¥440mn on renovation and opening costs, pulling hotel-segment operating profit down 8.1% to ¥3,744mn despite revenue up 7.8%.
One-offNet income fell because last year's tax bill was cut by a one-off reassessment of deferred-tax assets, and equity-method income dropped; stripping out such items, Kyoritsu puts underlying net profit growth at 14.5%.

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

Show figures in

Q1 (Apr–Jun 2026) · Year-to-Date

Reported 2026-08-07

Revenue¥61.1bn+7.6%

Operating profit¥4.9bn+8.2%

Net income¥3.0bn−15.5%

Kyoritsu Maintenance — Dormy Inn and the Kyoritsu Resort onsen ryokan — grew revenue 7.6% to ¥61.1bn in April–June 2026 and operating profit 8.2% to ¥4.9bn; net income fell 15.5% to ¥3.0bn. It opened its 100th domestic Dormy Inn in the quarter. The company reports that while some regions saw travel plans held back, visitor numbers held firm overall, citing JNTO's arrivals data. Full-year guidance is unchanged at ¥277.0bn revenue (+0.6%).